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Sweden’s Volvo Cars, owned by China’s Zhejiang Geely, has announced it plans to spend $500 million to build its first US vehicle assembly facility, in an investment plan that seeks to amend a longstanding issue with the automaker’s global manufacturing base.
The Swedish premium automaker is currently envisioning a global sales comeback under its new Chinese ownership, with Geely taking the ...

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Recent reports had Volvo Trucks’ chief executive officer Olof Persson ousted from his position due to criticism of the Swedish truck maker's performance, but the company’s chairman Carl-Henric Svanberg denied ...

The premium Swedish automaker has a history of delivering safer than average cars, which means its ambitions towards self-driving cars are actually self-explanatory.
More so, the carmaker made clear its desire ...

Volvo Car Corp., the Sweden-based automaker currently owned by China’s Geely, said January sales modestly grew almost 2 percent, yielding the 19th month of consecutive growth.
Volvo Cars has been under ...